PETRONAS CHEMICALS GROUP BHD

KLSE (MYR): PCHEM (5183)

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Last Price

4.68

Today's Change

-0.05 (1.06%)

Day's Change

4.62 - 4.76

Trading Volume

3,285,100


12 people like this.

4,694 comment(s). Last comment by Ninja _07 4 hours ago

thenewbee

3,605 posts

Posted by thenewbee > 2017-06-01 14:49 | Report Abuse

tkp2 u stll here? or u run with profit d?

tkp2

3,027 posts

Posted by tkp2 > 2017-06-01 14:54 | Report Abuse

i am here, drop back to my cost price, i top up again lor, no worry

tkp2

3,027 posts

Posted by tkp2 > 2017-06-01 14:54 | Report Abuse

i sapu C9 also at 0.125

thenewbee

3,605 posts

Posted by thenewbee > 2017-06-01 14:58 | Report Abuse

luckily befoer taht i got take some profit, market so freaking bad. bottom at most 0.11, so no worries . now my average 0.137

thenewbee

3,605 posts

Posted by thenewbee > 2017-06-01 15:00 | Report Abuse

i was wondering what cause the sell down. TKP2 do u know what happned? or this epf doing work again

omnigunk

191 posts

Posted by omnigunk > 2017-06-01 15:01 | Report Abuse

Keep sapu at 0.125 and 0.13.

wiki123

2,447 posts

Posted by wiki123 > 2017-06-01 15:03 | Report Abuse

what happens? Some funds selling, but sell volume is not big...

omnigunk

191 posts

Posted by omnigunk > 2017-06-01 15:10 | Report Abuse

Funds pushing down price to collect. Been through it many times. Believe in the company fundamentals.

tkp2

3,027 posts

Posted by tkp2 > 2017-06-01 15:11 | Report Abuse

this counter up fast down up, down fast up also fast, really need strong heart to play the CWs

thenewbee

3,605 posts

Posted by thenewbee > 2017-06-01 15:11 | Report Abuse

average 0.13 now done

tkp2

3,027 posts

Posted by tkp2 > 2017-06-01 15:25 | Report Abuse

don't be surprise today can close green, kikiki

thenewbee

3,605 posts

Posted by thenewbee > 2017-06-01 15:25 | Report Abuse

close green not possible la tkp2, aiyo 7.25 above also ok d slowly la

thenewbee

3,605 posts

Posted by thenewbee > 2017-06-01 15:27 | Report Abuse

ini bursa so bad right now

wiki123

2,447 posts

Posted by wiki123 > 2017-06-01 15:30 | Report Abuse

tapi like bursa itself looks like going to break new high... :)

tkp2

3,027 posts

Posted by tkp2 > 2017-06-01 15:34 | Report Abuse

actually the mother drop 1.6% only, no big deal, only the CWs jialat a bit lor, play CW is like that one, very volatile

tkp2

3,027 posts

Posted by tkp2 > 2017-06-01 15:35 | Report Abuse

padini-CF also like that last few months, from 0.025 up to 0.15, then drop back to 0.095, then up to 0.325

thenewbee

3,605 posts

Posted by thenewbee > 2017-06-01 15:36 | Report Abuse

wiki , i know abit of EW, this bursa is running wave 4 , i beleive is at the very end of wave 4, going to wave 5 soon,

tkp2

3,027 posts

Posted by tkp2 > 2017-06-01 15:36 | Report Abuse

you got strong heart, you got right strategy, you can win big lor

tkp2

3,027 posts

Posted by tkp2 > 2017-06-01 15:37 | Report Abuse

i guess a lot of ppl sell this big drop they cut lost already

thenewbee

3,605 posts

Posted by thenewbee > 2017-06-01 15:39 | Report Abuse

agree with ur point tkp2, a lot of people always all in at a certain price, when price goes down, they dont know what to do and have to cut loss. my strategy is always save 3 batches for me , if it goes up i average up, vice versa. that's why people say 9 out of 10 people lose money in the market

wiki123

2,447 posts

Posted by wiki123 > 2017-06-01 15:39 | Report Abuse

this time really need tkp2 to ride along for the psychology part haha...
re: thenewbee, bursa C11 is quite interesting if your wave 5 theory is right. what is the target for wave 5? curious to know.

thenewbee

3,605 posts

Posted by thenewbee > 2017-06-01 15:40 | Report Abuse

when market is bad u must have good strategy to protect ur money, when run bull take some profit. when market is bull, money flows into ur account easily

thenewbee

3,605 posts

Posted by thenewbee > 2017-06-01 15:42 | Report Abuse

no commnet on bursa, rchi sifu punya game. haha. well the target will be around 1830-1840 if the market is going bull

thenewbee

3,605 posts

Posted by thenewbee > 2017-06-01 15:46 | Report Abuse

bursa will trend higher, is a good bet i guess

wiki123

2,447 posts

Posted by wiki123 > 2017-06-01 15:54 | Report Abuse

ok, to reach 1830-1840, then must all CI component stock to rotate... now is bank, later should see Pchem, tenaga being laggard coming to the scene... interesting...

omnigunk

191 posts

Posted by omnigunk > 2017-06-01 15:55 | Report Abuse

Strategies that I employ:
1. Don't go all in one short, I go in 3-4 batches
2. I do not believe in cutting loss for stocks that meet my criteria (FA + TA), I would rather average down
3. Look at any signs of global uncertainties
4. Look at signs of large fund involvements
5. Borrowing from Uncle Koon, if the company can make more money this year than last, what to worry? I have looked at the AR and planned projects and fully believe that the company can make more money this year than last year.

wiki123

2,447 posts

Posted by wiki123 > 2017-06-01 15:56 | Report Abuse

maybe they will replace one of the CI stock with Petronm? coz, refining business is good now...

wiki123

2,447 posts

Posted by wiki123 > 2017-06-01 15:58 | Report Abuse

re: omnigunk, they did mention possible plant shutdown in 2nd half this year, so there's still earnings risk from that perspective...

wiki123

2,447 posts

Posted by wiki123 > 2017-06-01 15:58 | Report Abuse

or even Myeg to be one of CI stock...

omnigunk

191 posts

Posted by omnigunk > 2017-06-01 15:59 | Report Abuse

That's for maintenance because of high utilization not because of issues. Beyond that all the projects should be completed and end result will be higher earnings.

thenewbee

3,605 posts

Posted by thenewbee > 2017-06-01 16:00 | Report Abuse

good strategy omnigunk. bought in because of great value of the company. Temporary sell down is just syndicate's game, let them play with it, eventually it will need to move up . buying volume greate rthen selling, indicate what, u know i know la. this counter just require patience, it will run very fast when it move up. 0.3 is stll the target for c9

omnigunk

191 posts

Posted by omnigunk > 2017-06-01 16:03 | Report Abuse

Also another reason why I bought this share, the share price actually dropped a lot prior to QR announcements. Now dropped again to roughly the same level prior to announcements. This is all short term volatility designed to trap.

omnigunk

191 posts

Posted by omnigunk > 2017-06-01 16:05 | Report Abuse

Also, i do not play with margin financing, so no margin calls for me. Those with margin financing, very scary to play with warrants. Later kena margin calls.

thenewbee

3,605 posts

Posted by thenewbee > 2017-06-01 16:07 | Report Abuse

great buying volume, just wait for them to push. i got 1 more batch to go to average down bye guys

omnigunk

191 posts

Posted by omnigunk > 2017-06-01 16:11 | Report Abuse

If hit 0.17 again, we should let go half and organize party. Haha

thenewbee

3,605 posts

Posted by thenewbee > 2017-06-01 16:29 | Report Abuse

0.17 easily la bro . 0.2 haha

omnigunk

191 posts

Posted by omnigunk > 2017-06-01 17:49 | Report Abuse

Another 1/4 for 0.2 and another 1/4 for 0.3 la.

wiki123

2,447 posts

Posted by wiki123 > 2017-06-02 09:23 | Report Abuse

Today t+7? Should see most selling done and afternoon with bigger volume to push up price...

omnigunk

191 posts

Posted by omnigunk > 2017-06-02 10:06 | Report Abuse

Be patient bro, giant taking a slumber, once wake up will roar loudly at RM8

uncle988

135 posts

Posted by uncle988 > 2017-06-02 11:37 | Report Abuse

Don't worry, got tkp2 bro here to support.
As omnigunk here said, 8.00 anytime from now...
Just top up another 2 lorries on C10

thenewbee

3,605 posts

Posted by thenewbee > 2017-06-02 16:47 | Report Abuse

this counter is slow, we need to cheer up each other to give psychological. Orelse i cant stay alive XD

windcloud

1,393 posts

Posted by windcloud > 2017-06-05 11:56 | Report Abuse

support Pchem a liitle bit, as little bull may push pchem rebound ...

HaoRan

275 posts

Posted by HaoRan > 2017-06-05 12:16 | Report Abuse

lai lai c9 <3

wiki123

2,447 posts

Posted by wiki123 > 2017-06-05 12:45 | Report Abuse

?? less than 13 izzit?

Posted by HaoRan > Jun 5, 2017 12:16 PM | Report Abuse

lai lai c9 <3

thenewbee

3,605 posts

Posted by thenewbee > 2017-06-05 15:48 | Report Abuse

pasti tuju langit gogo pchem.. so boring

thenewbee

3,605 posts

Posted by thenewbee > 2017-06-06 11:12 | Report Abuse

ini counter boleh jalan tak, aiyoyo.. i sudah hilang patience .

omnigunk

191 posts

Posted by omnigunk > 2017-06-06 15:39 | Report Abuse

The big players still worry about petrochemical prices. The oil prices and the stability of it is key for this counter's resurgence. We have seen nothing but stability since January on oil prices.

omnigunk

191 posts

Posted by omnigunk > 2017-06-06 15:41 | Report Abuse

Coupled with the expected lower plant utilization due to maintenance, next QR might see some reduction. At least 1 full QR before any new resurgence.

thenewbee

3,605 posts

Posted by thenewbee > 2017-06-06 16:12 | Report Abuse

omnigunk bro, with that still expect the new plant at sabah will contribute decent earning to the next quarter, not too in depththe study about the impacts on the maintenance on the earning. Oil price should be able to stabilize durign the 2nd half of the year as opec has agree to cut output during early of 2018

omnigunk

191 posts

Posted by omnigunk > 2017-06-06 16:25 | Report Abuse

Actually the share price went down rather than up even after latest QR. So, the downside is low but the counter also has no catalyst to have a resurgence at least till all the projects are near completion.

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